ML
* XLMEDIA - Holders WebPals, Israeli VC Partners to sell 32% stake @ 110p/shr..
EDPR - EDP announce €6.8/sh tender offer for c22.5% of EDPR shares (6.8)....+9%
DUFRY - China's HNA Group said to be interested in potential stake acq (145)+4%
WOLSELEY - Nordics planned disposal.Solid Q2, trading profit 3% beat(5058)+3-4%
AA - Results inline with expectations. Sees positive start to FY2018 (260)..+2%
EDP - Announce €6.8/sh tender offer for c22.5% EDPR it doesn't own (2.99)...+2%
PEUGEOT - French state holding co to sell PSA shares for EU1.92bn (18.59)...+1%
LCL - Inline with revs £2.35bln and GOP after adj £282.7m a 3% miss (135.3).u/c
THOMAS COOK - Reit FY EBIT exp. Trading is also progressing inline (89.35)..u/c
TESCO - Two of its largest s/h's urge co to drop $4.7b bid for Booker(189)-0.5%
NAT GRID - Deferring £480mn of allowances in to the next reg period (1010)-0.5%
BOVIS - Redrow says that it doesn't intend to make an offer for Bovis (865).-1%
BOOKER - Shareholders urge Tesco to drop its $4.7b bid for Booker (197)...-2/3%
ERICSSON - Taking large restructuring hit now & further provision (55)....-5-7%
GENEL - Writing off Taq Taq reserves by more than exp 60% write off (63p)..-14%
MS
AA/ LN +1% FY TRADING EBITDA GBP403M VS BLOOMBERG EST GBP403.4M,,FY17 DIV/SHR 9.3P
AKZA NA +1% INVESTOR DAY ANNOUNCED FOR APRIL 19th; WILL OUTLINE PLANS FOR "2 FOCUSED BUSINESSES"
AV/ LN +1% LOOKING TO SELL FRIENDS PROVIDENT FOR $750M - HAS 2 INTERESTED PARTIES - INLINE WITH PREVIOUS PRESS REPORTS
BOK LN -4% PRESS REPORTS THAT 2 OF LARGEST SHAREHOLDERS OF TESCO WHO HOLD 9% COMBINED HAVE CONCERNS OVER DEAL PRICE
CARD LN +2% FY REV GBP398M VS BLOOMBERG EST GBP400M,FY ADJ EBITDA GBP98.5M VS BLOOMBERG EST GBP 95.9M,FY FINAL DIV/SHR 6.3P
COB LN -4% VIEWS FOR 17 REMAIN UNCH. TERMS OF RIGHTS ANNOUNCED
EDPR PL +8% EDP BIDS €6.8/SHR FOR 22.5% STAKE IT DOES NOT OWN
ERICB SS -5% ANNOUNCES RESTRUCTURING WITH LARGER THAN EXP CHARGES
ISAT LN +2% RAISED TO OUTOPERFORM AT RBC,PT RAISED TO 1,000P
LCL LN +2% LADBROKES CORAL FY REV GBP1.51B VS MS GBP 1.508B,FINA DIV 2P/SHR
ML FP +1% BRIDGESTONE RAISING PRICES IN JAPAN. ML (AND OTHERS) HAVE ALREADY PUT THROUGH RISES IN EU/US; JAPAN SMALL
RDW LN +1% REDROW SAYS DOES NOT INTEND TO MAKE OFFER FOR BOVIS,CONTINUJE TO FOCUS ON ORGANIC STRATEGY
TCG LN +2% THOMAS COOK SEES FY ADJ OP RESULTS IN LINE WITH MKT VIEWS,
TSCO LN -2% PRESS REPORTS THAT 2 OF LARGEST SHAREHOLDERS WHO HOLD 9% COMBINED HAVE CONCERNS OVER BOOKER DEAL PRICE
UU/ LN UNCH SEES TRADING IN LINE WITH EXPECTATIONS
WOS LN +4% H1 NUMBERS BEAT ACROSS THE BOARD. L4L SALES 4.8%vs CONS 2.3%
CS
Booker N/A Schroders/Artisan deal concerns, spd will go from 6p - 7/8p
Booker N/A Schroders/Artisan deal concerns, spd will go from 6p - 7/8p
Continental +1-2% Bridegstone to raise tyre prices for first time in 6 years
Dufry +3-4% HNA Seeks Stake in Airport Retailer Dufry (WSJ)
EDP +2-3% Accepts Offer for Naturgas, value of EU2.59b
EDPR +7-8% EDP bid 6.8 euros for minorities in EDPR
Ericsson -4-5% Sees Provisions of SEK7B-SEK9B in 1Q
Evotec +1% FY revs €164.5m vs cons €158.8m
Hiag Immo +1% CS UPGRADE to OUTPERFORM (Div growth + developments)
Ladbrokes +2-3% Cost synergy upgrade to £100m from £65m
Michelin +1-2% Bridegstone to raise tyre prices for first time in 6 years
Miners +2-3% Copper +2.00%, Brent +0.55%, Iron Ore +2.00%, China -0.20%
Prem Foods +2-3% Cash payments to schemes reduced by further £32m
SAP +1% US peer Red Hat +5% post good 1Q revenues
Tesco N/A Schroders/Artisan deal concerns, spd will go from 6p - 7/8p
Thom Cook M/P Stick to FY guidance, stronger demand on summer bookings
Wolseley +1-2% Trading profit ahead, revs 8.46bln cons 8.11bln
Shore
LADBROKES - revs +11% £2.35bn,op.profit +22%,cost synergy upgraded...........+2%
UTD UTILITIES - grp revs seen slightly lower than prev yr...................-1%
THOMAS COOK - summer bookings +10%,demand strong,FY performance seen in line.+1%
WOLSELEY - H1 trading pft 515m.Divi 36.67p.Expect further progress in H2....+2%
TESCO - reaches DPO with SFO,Final penalty of 129m,s/hlders against BOK deal.-1%
AA - Op pft 284m(Est333.8m)Divi 9.3p.Positive start to 2018.................-2%
REDROW - Says doesn't inetend to make offer for BOVIS(-2%)..................+2%
CARD FACTORY - Fy rev 398m(Est400m).Divi 6.3p.15p spec divi.................+1%
SEVERFIELD - Sees fy ahead of expectations.CEO taking temporary leave.......+2%
YU GROUP - Revs 16.3m.Gross margin +21.2%.Fy divi 2.25p.....................+2%
INLAND HOMES - profits weighted to H2,divi +25%,demand remains strong.......+2%
AG BARR - strong H2 performance,FY in line with our expec,£30m share bb......+3%
MOSS BROS - grp revs +5.7%,LfL +5.3%,PBT +20.3%,margins +1.5%, inline........+1%
PREMIER FOODS - agrees £32m reduction in pension scheme obligations.........+1%
COBHAM - confirms 2 for 5 rights issue to raise £512.4m.....................MKT
MainFirst Pre Mkt Indications
*DUFRY-HNA Group is said to be mulling buying Dufry stake-WSJ.....+4%
*EDP-Bids €6.8 for remaining stake in EDPR,sells Naturgas Spain...+1%
*PEUGEOT-Sogepa to sell all its Peugeot shares tp Bpifrance.......U/C
*EVOTEC-FY Rev 164.5m(158.8),Adj Ebitda 36.2m(33),o/l inline......+5%
*ERICSSON-Sees SK7b-SK9b provision in Q1 due to negative trends...-3%
*LAGARDERE-Sekks financial partner for its relay stores(sell 49%).+1%
*LVMH-Spec of possible alliance with Lagardere on Relay €1.8b.....U/C
*NORMA-Acquires majority stake in Fengfan Fastener(No fins).......+0.5%
*AKZO-To outline new strategy(19/4),focus on 2 business...........+1%
*CONTI/MICHELIN-Bridgestone to raise prices from 1/6 by 6%-10%....+1%